Market Highlights:

• Sales Activity: Tuscany recorded 21 total residential sales, a 5% decrease year-over-year (Y/Y).

• Price Trends:

  • The benchmark price for all residential property types rose by 7.9% Y/Y, reaching $704,700.

  • Detached homes had a benchmark price of $780,400, a 4.5% Y/Y increase.

  • Row homes saw a benchmark price of $481,700, reflecting a 13.5% Y/Y increase, while apartments reached $438,500, up by 9.4% Y/Y.

• Inventory Levels: Inventory expanded by 39% Y/Y to 25 active listings, indicating growing options for buyers.

• New Listings: The community saw 22 new listings, down 24% Y/Y.

• Months of Supply: Increased to 1.19 months, suggesting the market is still favorable to sellers but slightly more balanced than before.

Community Features:

Tuscany, located in Calgary’s northwest, is a highly desirable neighborhood offering a mix of urban amenities and natural surroundings. Community highlights include:

• Parks and Outdoor Activities: Tuscany provides residents with access to extensive walking trails, playgrounds, and green spaces, including the Tuscany Club and proximity to Nose Hill Park.

• Family-Friendly Environment: The neighborhood is known for excellent schools, community programs, and child-friendly infrastructure, making it ideal for families.

• Convenient Amenities: Shops, restaurants, and services are conveniently located, with easy access to major roads and public transit for commuting.

October 2024 saw Tuscany continue to demonstrate robust demand, particularly in the detached and row home segments. With its vibrant community atmosphere and rising property values, Tuscany remains a top choice for Calgary homebuyers.

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